1. What is Facebook's Cryptocurrency?
Any form of currency that relies on blockchain technology is considered cryptocurrency. Since a large user-base and network are essential components of a CC ecosystem, Facebook starting something like this actually makes sense.
The social network giant has been hush-hush about its cryptocurrency plans. It started working on it about a year ago convincing the likes of MasterCard, Visa and PayPal to provide a stable support system for this venture.
Though Facebook has just made the official announcement of its CC plans, it expects to launch it only next year.